**THE IRISH ASSOCIATION FOR CULTURAL ECONOMIC AND SOCIAL RELATIONS** 

**CONSOLIDATED ACCOUNTS FOR THE YEAR ENDED  31 MARCH 2023** 



## **THE IRISH ASSOCIATION FOR CULTURAL, ECONOMIC & SOCIAL RELATIONS INCOME & EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023** 

|**INCOME**<br>Annual subscriptions<br>Department of Foreign Affairs; Reconciliation Fund<br>_Note 1_<br>Donations<br>Functions<br>Bank interest<br>**EXPENDITURE**<br>Department of Foreign Affairs; Reconciliation Fund<br>_Note 1_<br>Functions<br>Sponsorship<br>Linen Hall Library Subscription<br>Accountancy<br>Bank fees/stamp duty<br>Sundry<br>**SURPLUS/DEFICIT OF INCOME OVER EXPENDITURE**|Sterling<br>£<br>2,150<br>14,935<br>-<br>3,336<br>8<br>20,429<br>13,244<br>5,495<br>500<br>190<br>570<br>83<br>88<br>20,171<br>258|Euro<br>equivalent<br>€<br>2,508<br>18,000<br>-<br>3,892<br>9<br>24,409<br>15,450<br>6,411<br>583<br>222<br>665<br>97<br>103<br>23,531<br>878|
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## _Note 1_ 

Grant of £14,934.76 (€18,000) received from the Irish Department of Foreign Affairs: Reconciliation Fund has been shown in full in the 'Income' section. 

The corresponding expenditure has been shown separately in the 'Expenditure' section. This represents expenditure up to the year ended 31st March 2023. There were further payments made in April 2024 of £2,307 bringing the total pogramme expenditure to £15,551. 

## _Note 2_ 


**----- Start of picture text -----**<br>
Debtors is made up of; £<br>- Membership subs owed at the year end 215<br>- Cancelled accommodation owed back 115<br>330<br>**----- End of picture text -----**<br>




## **THE IRISH ASSOCIATION FOR CULTURAL, ECONOMIC & SOCIAL RELATIONS BALANCE SHEET AS AT 31 MARCH 2023** 

|**CURRENT ASSETS**<br>Cash at Bank<br>Debtors<br>_Note 2_<br>**CURRENT LIABILITIES**<br>Deferred Income<br>Nation Heritage Memorial Fund<br>**NET ASSETS**<br>**REPRESENTED BY:**<br>**ACCUMULATED FUNDS**<br>Balance at 31 March 2022 (per last accounts)<br>Net surplus/(deficit) for year<br>Exchange rate movement<br>Balance at 31 March 2023|Sterling<br>£<br>17,819<br>330<br>18,149<br>-<br>-<br>-<br>18,149<br>17,276<br>258<br>17,534<br>615<br>18,149|Euro<br>equivalent<br>€<br>20,216<br>374<br>20,591<br>-<br>-<br>-<br>20,591<br>20,385<br>878<br>21,263<br>(673)<br>20,591|
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We approve these accounts and confirm we have made available all relevant records and information for their preparation. 

President: Prof. Brian M Walker Hon Treasurer:  Mr Dermot O'Doherty Date: 20th January 2023 





## **THE IRISH ASSOCIATION FOR CULTURAL, ECONOMIC & SOCIAL RELATIONS INDEPENDENT ACCOUNTANTS REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2023** 

In accordance with the instructions given to us we have prepared the foregoing consolidated Income and Expenditure account and Balance Sheet on the accruals basis from the books and records presented to us. 

We confirm that the accounts are in agreement with those books and records. 

**FITZPATRICK & KEARNEY LTD CHARTERED ACCOUNTANTS NEWRY CO DOWN** 

20th January 2023